Global Outlook Scaled Back
Amid Slowdown in Europe

Sluggish growth in Europe and the U.S. is dragging down the global outlook for economic and trade expansion, the Organization for Economic Cooperation and Development said on Monday.

The OECD, the research institute and policy forum for the world's 26 industrialized countries, said industrial countries are now expected to grow by an average of 2.1% in 1996 and 2.5% in 1997, compared with December projections of 2.6% growth this year...